Planning for estate taxes should address:

Question

Quizplus · Accepted Answer

Planning for estate taxes should indeed address all of the above factors. Taking actions to benefit from a loss in property values can help to reduce the value of the estate, and making gifts during one's lifetime can help to transfer assets out of the estate and reduce the overall taxable amount. Utilizing charitable contributions can also help to reduce the taxable estate and provide additional benefits, such as income tax deductions. Therefore, a comprehensive plan for estate taxes should address all of these factors.

Planning for Estate Taxes Should Address